GlobeSt.: “Pent-Up Housing Demand Causes Project To Sell Out Ahead Of Schedule”
Posted on December 12, 2016
By LISA BROWN
NEWARK, CA—In order to meet the growing demand for new housing supply, Trumark Homes continues to expand its portfolio in Northern California. Its 164 single-family homes and townhomes within two neighborhoods, Shade at Timber and Canopy at Timber, have sold out. Located at the intersection of Cedar Boulevard and Robertson Avenue, Timber provides access to public transportation, schools, parks, sports facilities and shopping.
“Our Timber community sold out well ahead of our anticipated timeframe representing the incredible amount of pent-up demand in Newark. Along the way, we’ve been encouraged by the positive reception we received from the community and the city of Newark,” said Mark Higgins, senior vice president of sales and marketing at Trumark Homes. “The diverse product offerings at Timber drew a mix of home buyers ranging from Silicon Valley professionals to first-time homebuyers and everyone in between.”
Designed by KTGY Architecture + Planning, the Timber community has a craftsman architectural style. Shade at Timber presents three-story single-family floor plans ranging in size from 2,115 to 2,405 square feet with four bedrooms, three-and-a-half bathrooms, as well as two-car attached garages. Canopy at Timber provides single-family attached townhouses ranging in size from 1,540 to 2,026 square feet with three or four bedrooms and either three- or three-and-a-half bathrooms, depending on the plan, and two-car attached garages. Several of the plans within each neighborhood also offer a second floor deck.
“Timber represented a tremendous opportunity for us to bring much-needed housing to this emerging market in Alameda County,” said Gregg Nelson, cofounder and managing member at Trumark Companies. “Glass Bay, our latest development in Newark, will introduce 217 contemporary single-family homes. These two new communities will bring a distinct synergy between the commercial, residential and transit-oriented components of Newark, creating desirable walking landscapes.”
Trumark teamed up with long-term equity partner, The Resmark Companies, to develop Timber, as well as three other California new home communities in Los Angeles, San Jose and Milpitas, all of which have sold out.
“As we continue to expand our Northern California portfolio, Alameda County has proven to exhibit strong market fundamentals, making Newark the ideal location for our new Glass Bay community,” said Tony Bosowski, Northern California division president at Trumark Homes tells GlobeSt.com. “The site is part of Newark’s Dumbarton transit-oriented development and provides direct access to Palo Alto, Menlo Park and the core of Silicon Valley via Highway 84.”
Trumark was honored with three 2016 Building Industry Association Bay Area Excellence in Home Building Awards for the Timber community, including community of the year–multi-product, best signage for creative, design and overall brand, and best architectural attached design–for the architectural design innovation, overall exterior and interior architecture and
design appeal of Canopy Plan 3. Trumark also received a gold award for best brochure for a community at the National Association of Home Builders’ 2016 national awards.